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Visa has partnered with Anchorage to support Anchorage issued stablecoins on its settlement platform, beginning with Western Union’s USDPT. Cuy Sheffield, vice president and global head of crypto at Visa, announced the partnership.
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Earlier this year, Visa enabled stablecoin pre-funding on Visa Direct with Inyo Global as the first enabler, according to Cuy Sheffield. Visa CEO Ryan McInerney also shared recent updates on the company’s stablecoin business strategy, as noted by Sheffield in a separate statement here. Both developments reinforce Visa’s ongoing expansion in stablecoin settlement services.